Zurich’s American Depositary Receipts to join OTCQX
Zurich, Zurich Financial Services Ltd (Zurich) announced that its American Depositary Receipts (ADRs) are now quoted on OTCQX International Premier, the highest tier of the U.S. over-the-counter (OTC) market, beginning today.
Back in 2000 Zurich created a Level 1 sponsored American Depositary Receipt program. Since then ADRs of Zurich, each representing one tenth of a Zurich Financial Services Ltd registered share, have been traded OTC in the U.S.
OTCQX is an electronic information platform owned by Pink OTC Markets Inc., Delaware, facilitating OTC trading of shares or ADRs for an admitted group of companies listed on a qualified stock exchange. By joining OTCQX, Zurich expects to increase the visibility of its American Depositary Receipt program.
Note to Editors:
Zurich’s registered shares are listed and traded in Swiss Francs on SIX Swiss Exchange (Symbol ZURN) and form part of the Swiss Blue Chip segment. Zurich’s ADRs are traded OTC in the US in US Dollars (Symbol ZFSVY, CUSIP 98982M107) and are now quoted on OTCQX International Premier (Symbol ZFSVY).
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia-Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries.
Disclaimer & Cautionary Statement
Certain statements in this document are forward-looking statements, including, but not limited to, statements that are predications of or indicate future events, trends, plans or objectives of Zurich Financial Services Ltd or the Zurich Financial Services Group (the “Group”). Forward-looking statements include statements regarding the Group’s targeted profit improvement, return on equity targets, expense reductions, pricing conditions, dividend policy and underwriting claims improvements, as well as statements regarding the Group’s understanding of general economic, financial and insurance market conditions and expected developments. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and plans and objectives of Zurich Financial Services Ltd or the Group to differ materially from those expressed or implied in the forward looking statements (or from past results). Factors such as (i) general economic conditions and competitive factors, particularly in key markets; (ii) the risk of the global economic downturn and a downturn in the financial services industries in particular; (iii) performance of financial markets; (iv) levels of interest rates and currency exchange rates; (v) frequency, severity and development of insured claims events; (vi) mortality and morbidity experience; (vii) policy renewal and lapse rates; and (viii) changes in laws and regulations and in the policies of regulators may have a direct bearing on the results of operations of Zurich Financial Services Ltd and its Group and on whether the targets will be achieved. Zurich Financial Services Ltd undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.
It should be noted that past performance is not a guide to future performance.
Persons requiring advice should consult an independent adviser.
This communication does not constitute an offer or an invitation for the sale or purchase of securities in any jurisdiction.
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